Blueprint Capital Announces First Quarter 2013 Financial Results

SEATTLE--(BUSINESS WIRE)-- Blueprint Capital, LLC, the leading residential construction lender in Seattle, today reported its thirteenth consecutive quarterly profit. Earnings increased 25% to $1.2 million for the first quarter ended March 31, 2013, compared to $961,227 for the first quarter a year ago. The Blueprint model of providing financing to its member builders for smart, small-scale construction projects continues to be successful.

"We started our fourth year of operations with another strong quarter," said Mark Knoll, Co-Founder and CEO of Blueprint Capital. "For our member builders, we funded 32 loans in the first quarter for commitments totaling $23.8 million. For our investors, we were particularly pleased to make a special distribution of $2.6 million in addition to our regular monthly distributions." Blueprint's investment objective is to distribute current income to investors and build enterprise value for potential capital appreciation. Member builders also invest in the company and share the profits.

First Quarter 2013 Financial and Operational Highlights (at, or for the three months ended, March 31, 2013)

Earnings increased 25% to $1.2 million, from $961,227 earned in the first quarter a year ago

Net loans receivable increased to $65.5 million from $57.9 million at the end of 2012

Funded 32 loans for a total commitment of $23.8 million

Posted 37 consecutive monthly distributions to investors

Made a special earnings distribution of $2.6 million in March 2013

Low debt-to-equity ratio of 0.78 to 1

Operating expense to average asset ratio of 3.5%

Interest coverage ratio of 4.53 to 1

Portfolio mix of 94% new construction, 95% one- to four- family residential

Zero non-performing loans since inception

About Blueprint Capital, LLC

Blueprint Capital is the leading residential construction lender in Seattle, Washington. Blueprint provides loans and development services to builders for smart, small-scale construction among Seattle's urban neighborhoods. Using a unique, co-operative business model, Blueprint pools the resources of builders, suppliers and community stakeholders enabling local builders to meet housing demand. In addition to financing, Blueprint provides its customers with design, permitting and marketing services including ready to build projects. More information is available at www.bluprintcap.com.

Forward-Looking Statements

This press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Blueprint. We caution you that these statements are based on management's current expectations and assumptions regarding Blueprint's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results and that actual events or results may differ materially. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances. Blueprint's actual results may differ materially from those set forth in its forward-looking statements. Blueprint assumes no obligation to update these forward-looking statements.